Russell Investments Group Ltd. Has $1.56 Million Position in GCP Applied Technologies Inc. (GCP)
Russell Investments Group Ltd. decreased its position in shares of GCP Applied Technologies Inc. (NYSE:GCP) by 22.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 51,149 shares of the construction company’s stock after selling 14,472 shares during the period. Russell Investments Group Ltd. owned 0.07% of GCP Applied Technologies worth $1,560,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently bought and sold shares of the company. Strs Ohio lifted its position in GCP Applied Technologies by 450.0% during the first quarter. Strs Ohio now owns 4,400 shares of the construction company’s stock valued at $143,000 after acquiring an additional 3,600 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new position in shares of GCP Applied Technologies in the first quarter worth $200,000. Teza Capital Management LLC purchased a new position in shares of GCP Applied Technologies in the first quarter worth $212,000. Paloma Partners Management Co purchased a new position in shares of GCP Applied Technologies in the first quarter worth $213,000. Finally, Pinnacle Associates Ltd. raised its holdings in shares of GCP Applied Technologies by 6.4% in the first quarter. Pinnacle Associates Ltd. now owns 8,302 shares of the construction company’s stock worth $271,000 after buying an additional 500 shares during the last quarter. 82.26% of the stock is owned by institutional investors.
GCP Applied Technologies Inc. (NYSE GCP) traded down 0.86% on Friday, hitting $28.70. 69,014 shares of the company’s stock were exchanged. GCP Applied Technologies Inc. has a 12-month low of $25.10 and a 12-month high of $34.22. The company has a market cap of $2.06 billion, a PE ratio of 652.27 and a beta of 0.94. The company’s 50-day moving average price is $29.36 and its 200-day moving average price is $30.85.
GCP Applied Technologies (NYSE:GCP) last issued its quarterly earnings data on Thursday, August 3rd. The construction company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.24 by $0.01. The company had revenue of $287.20 million for the quarter, compared to analysts’ expectations of $309.70 million. GCP Applied Technologies had a negative return on equity of 44.32% and a net margin of 0.26%. The business’s revenue was up 1.1% on a year-over-year basis. Analysts forecast that GCP Applied Technologies Inc. will post $0.78 earnings per share for the current year.
A number of research firms have issued reports on GCP. Zacks Investment Research raised shares of GCP Applied Technologies from a “sell” rating to a “hold” rating in a report on Thursday, August 24th. KeyCorp raised shares of GCP Applied Technologies from a “sector weight” rating to an “overweight” rating and set a $36.00 price target for the company in a report on Thursday, June 22nd. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $35.50.
GCP Applied Technologies Profile
GCP Applied Technologies Inc produces and sells specialty construction chemicals, specialty building materials, and packaging sealants and coatings. The Company operates through two segments: Specialty Construction Chemicals and Specialty Building Materials. The Specialty Construction Chemicals segment manufactures and markets products to manage performance of Portland cement, and materials based on Portland cement, such as concrete admixtures and cement additives, as well as concrete production management systems.
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